Roundup: Canadian stock market edges higher over resources lift

Canada's main stock market on Thursday moved slightly higher when a rally in resources shares lifted the trading sentiment amid uncertainty about the global economic growth.

The Toronto Stock Exchange's benchmark Standard & Poor's/TSX Composite Index lowered 38.04 points or 0.28 percent to 13,569.89 points, with most sectors in the positive territory.

Boosted by a rally in oil and copper prices, the resources sectors climbed as the energy and mining sectors advanced 1.24 percent and 1.14 percent respectively.

Gas and oil producer Encana Corporation jumped 3.46 percent to 9.56 Canadian dollars (about 7.23 U.S. dollars) while copper company First Quantum Minerals soared 6.67 percent to 7.68 Canadian dollars per share.

Industrials, the biggest gainer by percentage in TSX, advanced 1.72 percent as Bombardier skyrocketed 28.77 percent to 1.88 Canadian dollars after the biggest aircraft and railway maker in Canada said Thursday that its all-new CS100 aircraft has successfully completed all noise performance testing and preliminary data confirms it is the quietest in-production commercial jet in its class, and is on track for delivery next year.

By contrast, Telecom lost 0.44 percent and utilities, down 0.32 percent.

Ahead of a U.S. Federal Reserve interest rate decision next week, investors in the Canadian stock market were concerned about the global economic growth after Bank of Canada, Canada's central bank, said Wednesday that increasing uncertainty about growth prospects for emerging-market economies is raising questions about the pace of global recovery, which has contributed to heightened financial market volatility and lower commodity prices.

On the currency front, the Canadian dollar rose to 0.7560 U.S. dollar Thursday compared with 0.7547 U.S. dollar Wednesday. Enditem